Sunpower Bankrupt WHATS NEXT?!?
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Пікірлер
@danielhiguera7331
@danielhiguera7331 3 күн бұрын
How much of that money went to campaign contributions? Can’t get my system complete. Never has it worked properly since installed. There was always a sensor in a board that needed to be replaced. And the batteries were not taking a charge and needed to be replaced. I have been dealing with these people for 3 years now and I’m out of patients. Is there a class action suit going on against them. Can I get some information on it if so?
@김은경-w2p
@김은경-w2p 18 күн бұрын
Suprise~~❤🎉
@Hack3r91
@Hack3r91 Ай бұрын
MAXN is currently 112M in market cap.
@FourthSeraph
@FourthSeraph Ай бұрын
Not according to Yahoo Finance or Robinhood or the math when you multiply the total shares by share price
@Hack3r91
@Hack3r91 Ай бұрын
@@FourthSeraph Actually that's precisely according to Yahoo finance, I think they reported a wrong market cap for a while. MAXN currently counts 1.4B shares outstanding which go to about 110M market cap at 0.08c per share.
@TravelTourDine_007
@TravelTourDine_007 Ай бұрын
And now Sunpower filed for Bankruptcy chapter 13! My solar panels will not be monitored or under warranty any more! I am totally screwed on top of having a bad solar loan from EnerBank!
@jigneshpanchal2378
@jigneshpanchal2378 Ай бұрын
I might sell it this year unless there is any hope
@FourthSeraph
@FourthSeraph Ай бұрын
they just got approved for a buyout so as soon as that goes through sunpower will no longer exist
@portagepete1
@portagepete1 Ай бұрын
Are they good? YES OR NO thanks for Wasting my time
@FourthSeraph
@FourthSeraph Ай бұрын
watch the video it will have the answer
@DaoudaKone-q2p
@DaoudaKone-q2p Ай бұрын
Est ce que sunpower est une entreprise d'investissement ?
@queloquepasaaqui
@queloquepasaaqui Ай бұрын
You nailed it. Sunpower had shady business practices and thats why maxeon split. I was working at sunpower when it happened. Sunpower had the worse management and client support.
@willownation
@willownation Ай бұрын
Don’t let this opportunity slip by. Right now, we’re staring at a potential game-changer. Getting in at the $0.08-$0.20 range could very well be the smartest financial move you make this year. Why? Because even a modest climb to $0.80 could multiply your investment many times over. This isn’t just about chasing quick profits; it’s about strategically positioning yourself for a potentially massive windfall. Think about it: if they execute their plan effectively-and that’s the key here-early investors could be looking at returns that are nothing short of life-changing. Imagine clearing your mortgage or securing your retirement from one smart move. This is exactly that kind of opportunity. Here’s why this stands out: Global temperatures are shattering records, driving an insatiable demand for solar energy solutions. The solar industry is poised to expand exponentially, and it doesn't matter whether international politics are stable or turbulent. China isn't about to let a valuable asset like this fail, especially when it aligns perfectly with their Belt and Road strategy. If the U.S. Department of Energy fails to approve the loan, you can bet China will swoop in, provide funding, and bring the company under its wing-just as they’ve done with other key assets. Either way, those who are holding steady are likely to see substantial returns. Now, let’s address the elephant in the room: they missed their earnings target. But let’s keep our eyes on the bigger picture. They are still pulling in sales, and that’s the bottom line-they’re generating revenue. The market might be fixated on short-term setbacks, but the fundamentals are still solid. A company that’s still driving sales is a company that’s still very much in the game. With the right maneuvers, this could easily be set for a significant rebound. And there’s another misconception we need to clear up: some people are confusing SunPower's bankruptcy with Maxeon, but these are entirely different narratives. SunPower wasn’t a manufacturer; Maxeon is, and this distinction is crucial. Maxeon has a manufacturing advantage, holding the strong cards in this hand. What we’re witnessing now is a classic market shakeout-weak hands being pushed out. For those ready to make a bold move, the timing couldn’t be better. Putting down a few thousand now, holding for a year, and employing a dollar-cost averaging strategy positions you to win, regardless of short-term market swings. Look, penny stocks are notorious for their unpredictable spikes-those who time it right can cash out multiple times. Your focus should be on getting in as close to the 52-week low as possible. And here’s the kicker: plenty of people made their first million from one well-timed trade. This looks like one of those rare setups. Don’t find yourself regretting not acting sooner. The market is presenting a golden chance right now, but this window won’t stay open forever. Act fast, or you’ll be left on the sidelines. And like you said, if you’re young, that’s all the more reason to take a chance. Sink a paycheck into it, skip the fast food for a few weeks, and set yourself up to be ahead financially in the coming years. Opportunities like this don’t come often-capitalize on it now and watch it pay off later.
@evelynramirez9958
@evelynramirez9958 2 ай бұрын
My parents have had them for about 10 years is it possible for them to get out of the contract ?
@FourthSeraph
@FourthSeraph 2 ай бұрын
probably not, the contract will just be assumed by whoever buys out that part of the business but typically you dont just get out of paying the remaining balance because the company files bankruptcy
@RhinoColossus
@RhinoColossus 2 ай бұрын
Peter Faricy. He did this.
@FourthSeraph
@FourthSeraph 2 ай бұрын
Along with many others. pretty much everyone high up at the company had sold shares
@Nonyabusiness911
@Nonyabusiness911 2 ай бұрын
They went bankrupt🤷‍♀️ didn’t they.
@1wickedmonkey2
@1wickedmonkey2 Ай бұрын
Yeah... and my system just randomly stopped communicating today. Can't even tell if it's working.
@DesertWolfSurvival
@DesertWolfSurvival 2 ай бұрын
Nice
@FourthSeraph
@FourthSeraph 2 ай бұрын
thank you
@witness1013
@witness1013 2 ай бұрын
35 seconds in and you are stil talking about yourself
@FourthSeraph
@FourthSeraph 2 ай бұрын
you make it sound like 35 seconds is a long time. Really feel sorry for your girlfriend
@Christian-jq6er
@Christian-jq6er 2 ай бұрын
any take on whether this pop can last?
@FourthSeraph
@FourthSeraph 2 ай бұрын
the markets and economy are in a very interesting and turbulent place right now. It is a difficult time for most businesses
@davidceron8660
@davidceron8660 2 ай бұрын
How could you have been so far off. It collapsed, and it is now bankrupt.
@FourthSeraph
@FourthSeraph 2 ай бұрын
watch the other videos in this series. Basically was a historic case of fraud
@davidceron8660
@davidceron8660 2 ай бұрын
Unfortunately, sunpower is gone. Great company with bad CEO management.
@FourthSeraph
@FourthSeraph 2 ай бұрын
beyond the CEO the whole exec team was bad. May they all end up in prison
@tinasyvilayvanh7728
@tinasyvilayvanh7728 2 ай бұрын
I have put all in in SPWR, Now I’m broke. I have nothing left. 😭😭😭
@FourthSeraph
@FourthSeraph 2 ай бұрын
im sorry to hear that, it is unfortunate what happened. Hopefully this becomes a lesson in diversification that helps you make more in the future
@TherealBrooks-zc5kc
@TherealBrooks-zc5kc 2 ай бұрын
I bought it at 12 cents per share hoping it would be delisted and now it’s worth 16 cents per share. Most of the time you will make money on delisted stocks and it’s normally a lot of profit unless they do a 20 to 1 or something. but I wouldn’t sell because look at the price of the delisted stocks, they have gone way up per share and are only available to sell. It’s like having a unicorn for sale.
@TherealBrooks-zc5kc
@TherealBrooks-zc5kc 2 ай бұрын
I bought until I couldn’t buy anymore while it was at 11 to 15 cents per share. It’s worth 16 cents per share right now and that number will go up. Don’t listen to this guy. Hold your shares and you will make a profit, maybe a huge profit. How many shares do you own?
@FourthSeraph
@FourthSeraph 2 ай бұрын
@@TherealBrooks-zc5kc once the bankruptcy is complete this company will no longer exist. Sure there could be short term potential if youre willing to trade on pink sheets but as soon as they are done with bankruptcy the stock will no longer exist
@granthuling3235
@granthuling3235 2 ай бұрын
What a take! You become an admittedly non-researching stock-picking investor in SunPower, it goes bankrupt, and your takeaway is that this is a "warning sign for the entire U.S. economy." You picked stocked supremely poorly.
@FourthSeraph
@FourthSeraph 2 ай бұрын
The SEC knew that Sunpower had falsified its statements and let it continue to operate for over a year producing fraudulent statements. They misrepresented their earnings on multiple occasions. Without any safeguards in place how can the stock market operate? What is to stop Musk from saying Tesla turned a 2 billion dollar profit then selling all his shares? Whats to stop Amazon executives from embezzling money and then selling their shares before it becomes public knowledge? Sunpower said it got 50 million dollars two months ago and that was a lie. They never got any money and tricked people into thinking the company was safer than it was. So sick of people like you saying you predicted this, how did you know that they would declare bankruptcy a month after receiving 50 million dollars? If you can site another company that has done that in the history of the US where they havent committed fraud or another crime I will delete my youtube channel
@granthuling3235
@granthuling3235 2 ай бұрын
@@FourthSeraph Interesting example. I know enough about transportation infrastructure to have known for years that Musk is a liar. I know someone who works at SunPower and have considered it a bad company for years. Just believing whatever you see is not a level of insight that warrants stock picking.
@FourthSeraph
@FourthSeraph 2 ай бұрын
@@granthuling3235 companies releasing public statements that are lies is supposed to be illegal. If you knew sunpower was doing this and you didnt bring anyones attention to it you are a bad person.
@granthuling3235
@granthuling3235 2 ай бұрын
@@FourthSeraph Are you touched? I didn't know about their securities fraud; I saw enough of how they managed their company to not consider it worthy of investment. I was also aware of interest rates' effects on residential solar. By the time that $50 million lie came out they were inches from the drain.
@FourthSeraph
@FourthSeraph 2 ай бұрын
@@granthuling3235 You clearly know nothing of their actual story. according to the numbers at the time their financial statements had multiple profitable quarters, and they had replaced their CEO and CFO who were supposedly to blame for the previous incorrect financial statements. It then came out that they had more incorrect statements and had not been profitable. Blue Raven was still exceeding sales goals despite interest rate hikes. The fraud was the only reason they are now bankrupt. Other solar companies are surviving despite interest rate hikes
@Churchhistorydaily
@Churchhistorydaily 2 ай бұрын
so what should we invest in instead then?
@andyscardhaven163
@andyscardhaven163 2 ай бұрын
Enphase Energy
@Killua-is9ih
@Killua-is9ih 2 ай бұрын
first man to lace them propperly!!
@FourthSeraph
@FourthSeraph 2 ай бұрын
thank you!
@oskyle1
@oskyle1 2 ай бұрын
Went down to 15 cents today hold or sell?
@FourthSeraph
@FourthSeraph 2 ай бұрын
depends how much you have. For me Id rather just hold it as a gamble with very low odds. If you think there is an opportunity to put it in then sell and put it to use but for me I already just wrote it off
@oskyle1
@oskyle1 2 ай бұрын
@@FourthSeraph i have 50 bucks bought at 19 cents, i love gambling
@renanokten6058
@renanokten6058 2 ай бұрын
Next video after the delisting from nasdaq?
@FourthSeraph
@FourthSeraph 2 ай бұрын
yes, will be interesting to see if it gets delisted before the companies just ceases to exist. Depending on how the bankruptcy goes it might be delisted before they are finished with bankruptcy
@Phil-G1075
@Phil-G1075 2 ай бұрын
They dont have a product. They were installing Maxeon panels
@FourthSeraph
@FourthSeraph 2 ай бұрын
they did still own some patents and product info but yes maxeon was doing manufacturing.
@Yldman2u
@Yldman2u 2 ай бұрын
Then educate yourself...these solar company failures were seen coming years ago...
@FourthSeraph
@FourthSeraph 2 ай бұрын
Less than three months ago they put out a statement saying they had raised enough money to operate for another year. Yes the solar industry is turbulent but if you are saying you knew this was coming then you had inside information and shouldnt have been trading the stock. What sunpower did is fraud and very likely there will be arrests soon
@Yldman2u
@Yldman2u 2 ай бұрын
Lol they filed chapter 7...you need to find a different job...😂😂😂😂
@FourthSeraph
@FourthSeraph 2 ай бұрын
Fortunately my job isnt a fortune teller so I am not responsible for knowing when a company is committing fraud.
@tinasyvilayvanh7728
@tinasyvilayvanh7728 2 ай бұрын
I’m Crying to SPWR😭😭😭😭
@harkaranpreetsingh9327
@harkaranpreetsingh9327 2 ай бұрын
I have 2500 stocks at 0.55 should i sell it or hold ?
@FourthSeraph
@FourthSeraph 2 ай бұрын
Personally since its not a huge loss compared to the rest I would sell most of it. Hold 100-200 shares on the small chance the stock turns a profit for you. Invest the rest into something safer
@sancausx6750
@sancausx6750 2 ай бұрын
women love Celsius❤
@FourthSeraph
@FourthSeraph 2 ай бұрын
a lot of people love it, but its never going to be the biggest energy drink in the world
@MiguelAngel-ps8gv
@MiguelAngel-ps8gv 2 ай бұрын
Hello..if if you can help me to take desicion...I have 1200 stocks...I have to sell monday at market price or to keep them....thanks and regards
@FourthSeraph
@FourthSeraph 2 ай бұрын
Id just ask myself if i need that few hundred dollars or not. At this point to me its a gamble not an investment and I am ok with gambling a few hundred myself but for each person its different
@GEN-X-
@GEN-X- 2 ай бұрын
Killed me with the "everyone has some type of wearable technology except for me, because i think it's stupid" fkn great statement and I'm not buying the crap either. Thanks for the chuckle.
@FourthSeraph
@FourthSeraph 2 ай бұрын
Thank you, I try to add some entertainment value to all my videos
@CookingAndDogs
@CookingAndDogs 2 ай бұрын
If they sell to another company what happens to the stock?
@FourthSeraph
@FourthSeraph 2 ай бұрын
It would get bought at a certain price and everyone would be paid out at that price
@danielcj1978
@danielcj1978 2 ай бұрын
Thank you! I still have money in it but have accepted my loss at this point. I won’t sell, just wait a few years and see what happens I guess.
@FourthSeraph
@FourthSeraph 2 ай бұрын
Pretty much what I am doing although I did sell some and put it in MAXN. Not expecting much but hoping to get lucky with one of them
@Wii602006
@Wii602006 2 ай бұрын
I just purchased mine last year...$50k investment, im scared...Can I do anything??
@FourthSeraph
@FourthSeraph 2 ай бұрын
@@Wii602006 Go to the SEC website and report sunpower. The executives were all selling shares before the crash. But thats about it, unfortunately I don't think there is any way to get money back even if it was fraud on their end
@zarifhasan2206
@zarifhasan2206 2 ай бұрын
Should we sell before it gets delisted? Should we put on a gamble?
@FourthSeraph
@FourthSeraph 2 ай бұрын
for me putting $100 on a gamble like this is fine but everyone has their own risk tolerance. I definitely wouldnt throw in a huge amount of money
@zarifhasan2206
@zarifhasan2206 2 ай бұрын
Gotcha
@SlickBrickz
@SlickBrickz 2 ай бұрын
@@FourthSeraphif it gets delisted in a couple years how would we check it?
@FourthSeraph
@FourthSeraph 2 ай бұрын
@@SlickBrickz It wouldnt take that long, they already arent in compliance. I forget exact timetable but should get delisted in less than a year if bankruptcy isnt finished by then
@SlickBrickz
@SlickBrickz 2 ай бұрын
@@FourthSeraph no it’s getting delisted like right quick. I meant in a couple years if someone else bought them out or whatever how do I check those stocks
@fu40000
@fu40000 2 ай бұрын
At this point I hope it goes back to $0.50😅
@FourthSeraph
@FourthSeraph 2 ай бұрын
That would be great!
@Golden-Monarch-One
@Golden-Monarch-One 2 ай бұрын
HOLD or SELL SunPower shares? I only have 10 shares, average $0.86.
@FourthSeraph
@FourthSeraph 2 ай бұрын
If you only have 10 Id just hold and hope a miracle. Not much you can do with $5 at this point so worth holding hoping the company finds a way to survive
@Golden-Monarch-One
@Golden-Monarch-One 2 ай бұрын
@@FourthSeraph Thanks. And it’s like you said, you’ll just wait a little more if the stock happens to pump a few dimes up. Good luck. 👍
@FourthSeraph
@FourthSeraph 2 ай бұрын
@@Golden-Monarch-One If you havent already watch my full length videos on sunpower. It will give you a lot more info to make the best decision on what to do with the stock
@Zombieland2024
@Zombieland2024 2 ай бұрын
I still have 100 shares at .115 Kinda New to investing, but is there any way they could still pull out? Only like $10 invested but honestly just wondering
@FourthSeraph
@FourthSeraph Ай бұрын
@@Zombieland2024 always a possibility but its not on the nasdaq anymore so you gotta trade on pink sheets
@mariasanchez201o
@mariasanchez201o 2 ай бұрын
I had signed all the paperwork for sunpower on May 2024.. last month they came and put the panels on my roof and now they are just sitting there and they can't turn them on and I can't do anything cause I have to wait until they figure out whats going on... I would like to know if I can cancel so I can look for another company???
@FourthSeraph
@FourthSeraph 2 ай бұрын
probably cant cancel because I doubt the contract is void. Did you buy through sunpower or a third party vendor?
@solargod3671
@solargod3671 2 ай бұрын
You can actually do something I wouldn’t wait
@solargod3671
@solargod3671 2 ай бұрын
You just have to do 2-3 things
@erikbarnes6249
@erikbarnes6249 2 ай бұрын
Used to work for Sunpower and quit in the summer of 2023. Sold my stocks when I quit. Thank God I did since they’re essentially useless now. So sad bc there were a lot of people on the ground who have lost their jobs.
@FourthSeraph
@FourthSeraph 2 ай бұрын
its always the hard working people who pay the executives who make millions just get to live their lives. Guaranteed they all get jobs after this too even though they ran the company into the ground
@NathanChien-dw9hl
@NathanChien-dw9hl 2 ай бұрын
I still really need this to squeeze. any chance of that realistically happening?
@FourthSeraph
@FourthSeraph 2 ай бұрын
short squeezes are rare. The short float is still high. It would essentially take a lot of people deciding to buy something that isnt traditionally considered a good investment. Anything is possible but its never likely for any stock
@DouggieDinosaur
@DouggieDinosaur 2 ай бұрын
This is my crystal ball 🔮✨ "Solar will provide 100% of our global energy needs by 2027." - Ray Kurzweil ☀😎👍
@FourthSeraph
@FourthSeraph 2 ай бұрын
haha, not sure what is crazier thinking we could even build that many panels or the thought that we would destroy wind farms and dams to run just off solar
@renanokten6058
@renanokten6058 2 ай бұрын
Aged like milk unfortunately
@Bhoomy98
@Bhoomy98 2 ай бұрын
I have SunPower system with Tech CU Loan. Do you have any referral for a Lawyer in CT who I can consult what to do with the Tech CU loan ? I want to check what option I have when the SP metering app will go down and in case I need service no longer covered by the SP warranty
@FourthSeraph
@FourthSeraph 2 ай бұрын
I don't know any lawyers in the area but I would hold off for now. Someone should buy out that part of the Sunpower business. Someone will assume the loan and hopefully will handle maintenance as well.
@lenhua1947
@lenhua1947 2 ай бұрын
how much money you lost now?
@FourthSeraph
@FourthSeraph 2 ай бұрын
As much as I was going to need to start my new candle business. Right before the stock crashed I considered selling to self fund it but chose not to....
@lenhua1947
@lenhua1947 2 ай бұрын
@@FourthSeraph poor man 👨
@FourthSeraph
@FourthSeraph 2 ай бұрын
@@lenhua1947 still not even close to my biggest losses. After I lost a million dollars in a day I'm fairly numb to losses
@Banana-wb7bp
@Banana-wb7bp 2 ай бұрын
He doesn’t have a dollar to invest clearly. He’s just a stpd kid at his grandmas house thinking he’s a wall street trader
@Lucidnaire
@Lucidnaire 2 ай бұрын
Sunpower was the king years ago and they ran the company into the ground… it’s very sad
@DjangoCeccarelli
@DjangoCeccarelli 2 ай бұрын
I dont understand how this could be, and why this go so fast into bankrupcy with the Inflation reduction act The Leaderboard from Sunpower must lied about the numbers alot. I live in Germany and questioning all my investment decisions Yesterday Lost over 10000$
@FourthSeraph
@FourthSeraph 2 ай бұрын
its downfall should be studied. They literally had everything going for them then one day just decided to do the dumbest moves possible for absolutely no reason
@FourthSeraph
@FourthSeraph 2 ай бұрын
@@DjangoCeccarelli I lost a lot as well, the leadership should all be in prison
@DjangoCeccarelli
@DjangoCeccarelli 2 ай бұрын
@@FourthSeraph How can somebody think less than 2 years ago,one of the popularest Solar Company Sunpower will go bancrupt..sick Its like a huge scam i dont understand
@FourthSeraph
@FourthSeraph 2 ай бұрын
@@DjangoCeccarelli exactly, I have so many people that come to my first sunpower video now to make fun of me but this company was able to successfully operate for forty years. When hardly anyone had solar it was profitable but now that solar is government subsidized and super popular these companies cant operate effectively. Its just greed, corruption, fraud and mismanagement
@d15577
@d15577 2 ай бұрын
Aged well
@FourthSeraph
@FourthSeraph 2 ай бұрын
Next time ill use my crystal ball to see if the whole executive team is going to commit insider trading and fraud
@tanner2124
@tanner2124 2 ай бұрын
I called that they would be bankrupt a year ago when california changed the subsidies. The whole solar industry is propped up by the government right now
@realclassicman
@realclassicman 2 ай бұрын
This did not age verry well..
@FourthSeraph
@FourthSeraph 2 ай бұрын
fraud and embezzlement never does
@jessemiles5856
@jessemiles5856 2 ай бұрын
Filed bankruptcy this morning. Bye bye Sunpower
@FourthSeraph
@FourthSeraph 2 ай бұрын
yes just saw that, new video incoming
@selsoft
@selsoft 2 ай бұрын
They filed bankruptcy!
@FourthSeraph
@FourthSeraph 2 ай бұрын
yes, new video going in depth on it will be live soon
@FourthSeraph
@FourthSeraph 2 ай бұрын
video is up about it
@Lucidnaire
@Lucidnaire 2 ай бұрын
Sunpower chapter 11 video coming ?
@FourthSeraph
@FourthSeraph 2 ай бұрын
We will see what news we get from them. I am going to reach out tomorrow and see if I can get in contact with anyone or see if someone from the company would do an interview
@tanner2124
@tanner2124 2 ай бұрын
Where can I watch the video?
@FourthSeraph
@FourthSeraph 2 ай бұрын
Full video is available on my channel, you can also click right above the description where there is a link to go to the video the short was made from